Motorola Solutions Inc. Modified Dutch Auction Tender
Davis Polk advised the dealer managers in connection with a modified “Dutch Auction” cash tender offer by Motorola Solutions Inc. (MSI) to purchase up to $2 billion in value of its shares at a price range that is not greater than $66.50 nor less than $61.00 per share.
Headquartered in Schaumburg, Illinois, Motorola Solutions creates innovative, mission-critical communication solutions and services that help public safety and commercial customers build safer cities and thriving communities.
The Davis Polk corporate team included partner John G. Crowley and associates Pedro J. Bermeo and Elyka Anvari. Partner Michael Farber and associate Catherine L. Chu provided tax advice. All members of the Davis Polk team are based in the New York office.